Russia Moves Crypto Regulation Toward Final Readings
Russia’s State Duma has advanced a bill toward final approval that would create a formal legal framework for crypto mining, exchanges, and some cross-border settlement uses. The proposal includes mandatory registries for industrial miners, licensing rules for exchanges, and legal recognition of certain state-approved digital asset transactions. The main significance is increased state control and clarity, not broad liberalization. Mining would become more visible for taxation and energy oversight. Exchanges would need authorization to operate. Cross-border crypto settlement could be permitted in limited trade or payment channels, which is especially sensitive given sanctions pressure and Russia’s interest in alternative financial rails. Overall, the bill signals that crypto is moving from a grey area into a tightly supervised national framework, with implications for payment strategy, energy policy, and international trade.
